East China Engineering Science and Technology Co., Ltd. (SZSE:002140) entered into Equity Transfer Agreement to acquire additional 10% minority stake in Anhui Anhui Donghua Tongyuan Ecological Technology Co., Ltd. from Beijing Xinlida Investment Consulting Co., Ltd. for CNY 10.3 million on September 22, 2021. East China Engineering Science and Technology first pays Xinlida CNY 8 million in cash within 10 working days after the completion of the industrial and commercial change registration, The remaining transfer payment of CNY 2.26898 million will be paid in two installments with reference to Donghua Tongyuan’s net profit levels in 2021 and 2022. which is: If Donghua Tongyuan’s net profit in 2021 reaches CNY 2.0253 million, East China Engineering Science and Technology will pay CNY 1.13449 million to Xinlida within 10 working days after the issuance of Donghua Tongyuan’s annual audit report, If Donghua Tongyuan’s net profit in 2022 reaches CNY 9.4541 million, East China Engineering Science and Technology will pay CNY 1.13449 million to Xinlida within 10 working days after the issuance of Donghua Tongyuan’s annual audit report. In addition, East China Engineering Science and Technology paid CNY 2 million in cash (that is, the part not invested by Xinlida). For the year ended on June 30, 2021, Anhui Anhui Donghua Tongyuan Ecological Technology Co., Ltd. reported total assets of CNY 300 million and net assets of CNY 110 million. The transaction has been approved by board of East China Engineering Science and Technology Co., Ltd. As a result of the transcation, East China Engineering Science and Technology's revenue is expected to increase by about CNY 1.68 million per year (after three years of normal operation).